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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Begbies Traynor Group Plc | LSE:BEG | London | Ordinary Share | GB00B0305S97 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.00 | -2.73% | 107.00 | 107.00 | 109.50 | 109.00 | 107.50 | 108.00 | 325,217 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 121.83M | 2.91M | 0.0185 | 58.38 | 170.11M |
TIDMBEG
RNS Number : 1114Y
Begbies Traynor Group PLC
07 May 2019
7 May 2019
Begbies Traynor Group plc
Full Year 2019 Trading Update
Begbies Traynor Group plc (the "Group"), the business recovery, financial advisory and property services consultancy, today issues a trading update for its full year ended 30 April 2019, ahead of announcing its annual results on 9 July 2019.
The Group performed strongly in the final quarter of the financial year, as a result of which we now expect our revenue and profit for the financial year as a whole to be comfortably ahead of market expectations. This was driven by a number of successful fee realisations combined with continuing strong performance from both operating divisions.
Cash collection in the period was significantly ahead of our expectations, which has resulted in a year end net debt position of GBP6m.
The integration of our recent acquisitions is proceeding well and their trading in the initial post-acquisition period is in line with our expectations.
Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:
"We have had a successful end to our financial year with our results anticipated to be comfortably ahead of market expectations. We enter the new financial year with a strong order book and favourable market conditions, and are well placed to continue our track record of earnings growth."
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
Ric Traynor - Executive Chairman
Nick Taylor - Group Finance Director
Canaccord Genuity Limited 020 7523 4588
(Nominated Adviser and Joint Broker)
Sunil Duggal / Chris Connors
Shore Capital 020 7408 4090
(Joint Broker)
Mark Percy / Anita Ghanekar
MHP Communications 020 3128 8100
Reg Hoare / Katie Hunt
Information on Begbies Traynor Group can be accessed via the Group's website at
www.begbies-traynorgroup.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTLLFLFESIRIIA
(END) Dow Jones Newswires
May 07, 2019 02:01 ET (06:01 GMT)
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